International Assets Investment Management LLC bought a new position in shares of Dorian LPG Ltd. (NYSE:LPG - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 42,993 shares of the shipping company's stock, valued at approximately $1,886,000. International Assets Investment Management LLC owned about 0.11% of Dorian LPG at the end of the most recent quarter.
Several other large investors have also added to or reduced their stakes in LPG. Captrust Financial Advisors boosted its holdings in Dorian LPG by 134.6% during the first quarter. Captrust Financial Advisors now owns 1,715 shares of the shipping company's stock worth $25,000 after purchasing an additional 984 shares during the last quarter. Fifth Third Bancorp raised its position in Dorian LPG by 317.7% during the fourth quarter. Fifth Third Bancorp now owns 685 shares of the shipping company's stock worth $30,000 after acquiring an additional 521 shares in the last quarter. Quarry LP raised its position in Dorian LPG by 79.3% during the second quarter. Quarry LP now owns 1,325 shares of the shipping company's stock worth $34,000 after acquiring an additional 586 shares in the last quarter. PNC Financial Services Group Inc. raised its position in Dorian LPG by 43.8% during the second quarter. PNC Financial Services Group Inc. now owns 1,412 shares of the shipping company's stock worth $36,000 after acquiring an additional 430 shares in the last quarter. Finally, CWM LLC raised its position in Dorian LPG by 63.2% during the third quarter. CWM LLC now owns 1,413 shares of the shipping company's stock worth $41,000 after acquiring an additional 547 shares in the last quarter. Institutional investors and hedge funds own 62.50% of the company's stock.
Dorian LPG Stock Performance
Shares of LPG traded up $0.34 during trading hours on Friday, hitting $39.80. The company had a trading volume of 590,800 shares, compared to its average volume of 703,775. The firm has a market cap of $1.62 billion, a price-to-earnings ratio of 5.29 and a beta of 1.13. The business has a fifty day moving average of $37.61 and a 200-day moving average of $38.43. Dorian LPG Ltd. has a 12 month low of $21.02 and a 12 month high of $49.54. The company has a quick ratio of 3.29, a current ratio of 3.31 and a debt-to-equity ratio of 0.57.
Dorian LPG (NYSE:LPG - Get Free Report) last issued its quarterly earnings data on Thursday, February 1st. The shipping company reported $2.62 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.35. Dorian LPG had a net margin of 55.02% and a return on equity of 33.59%. The company had revenue of $163.06 million for the quarter, compared to analyst estimates of $154.49 million. During the same period in the prior year, the firm earned $1.29 earnings per share. Equities analysts anticipate that Dorian LPG Ltd. will post 7.29 EPS for the current fiscal year.
Dorian LPG Announces Dividend
The firm also recently declared a None dividend, which was paid on Tuesday, February 27th. Investors of record on Monday, February 5th were paid a $1.00 dividend. The ex-dividend date of this dividend was Friday, February 2nd. Dorian LPG's dividend payout ratio (DPR) is presently 26.56%.
Analyst Ratings Changes
Several analysts have issued reports on the stock. DNB Markets lowered shares of Dorian LPG from a "buy" rating to a "hold" rating and set a $44.00 price target on the stock. in a research report on Friday, January 26th. StockNews.com lowered shares of Dorian LPG from a "buy" rating to a "hold" rating in a research report on Wednesday, January 31st. Finally, Jefferies Financial Group reissued a "buy" rating and issued a $50.00 price objective on shares of Dorian LPG in a research report on Thursday, February 1st. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $40.25.
Check Out Our Latest Analysis on LPG
Dorian LPG Profile
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Free Report)
Dorian LPG Ltd., together with its subsidiaries, engages in the transportation of liquefied petroleum gas (LPG) through its LPG tankers worldwide. It owns and operates twenty-five very large gas carriers (VLGCs). The company was incorporated in 2013 and is headquartered in Stamford, Connecticut.
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